GBP/AUD – 5th wave in progress

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GBP/AUD – 5th wave in progress

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 1.9528 in a channel and just starting a fractal 5th wave. We are looking for a continuation to the ATR target @ 1.9428 area with a further target the S5 @ 1.9327. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 111 pips per day and it’s 90 day average is 112 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 12, 2024 — 8:09 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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